MARA stock shifts as focus turns to Long Ridge power data, bitcoin less in play
MARA surged 6.6% to $14.79 after a new filing revealed Long Ridge Q1 adjusted EBITDA of $25.4 million versus MARA’s $1.04 billion loss, as investors digested details of MARA’s $1.5 billion deal to pivot from bitcoin mining to AI infrastructure; Citizens initiated coverage at Outperform with a $24 target citing demand for “powered capacity.”